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TrueX
TrueX is a digital ad company founded in 2007 by Joe Marchese, Brandon Mills and David Levy. The company is headquartered in Los Angeles and was formerly known as SocialVibe. As of 2015 it a wholly owned subsidiary of 21st Century Fox〔http://variety.com/2015/biz/news/fox-earnings-lachlan-murdoch-1201557555/〕
== Company history ==
TrueX received $4.2 million in Series A funding led by Redpoint Ventures in December 2007, and originally enabled consumers to raise money for the social causes they wished to support.〔Keane, Meghan. ("Interpublic Partners With SocialVibe to Tap Into Brand Promotion on Social Networks". ) ''WIRED''.〕 It was launched in February 2008 in public beta,〔K.C. Jones. ("SocialVibe Raises Funds For Earthquake, Cyclone Relief ) ''Information Week''〕 and, as of October 19, 2009, its members have raised a total of more than $700,000 for their respective charities. On August 25, 2008, SocialVibe formed a partnership with Interpublic, one of its largest liaisons to date.〔http://www.marketingvox.com/interpublic-socialvibe-go-fishing-for-brand-evangelists-040594/〕〔http://www.bizreport.com/2008/08/interpublic_backs_socialvibe_to_link_social_nets_with_brand.html〕 In January 2009, JAFCO Ventures led an initiative along with Redpoint Ventures to raise the total amount invested in the company to $12 million, as the company shifts to a revenue sharing model with the charities it represents (all of the money raised on TrueX formerly went to the charity itself)〔 In March 2011, TrueX closed a $20 million round of funding lead by Norwest Venture Partners.〔http://adage.com/article/digital/socialvibe-closes-20-million-funding-round/149506〕 In 2013 the company became known as TrueX, and between 2013 and 2014, the company doubled its revenues.〔〔http://www.labusinessjournal.com/news/2013/nov/06/socialvibe-becomes-truex/〕 In May 2014 the company also received an additional $6 million in funding.〔http://techcrunch.com/2014/05/21/truex-new-funding/〕 Directors of the company include James Murdoch, Mich Matthews, and Jonathan Miller.〔http://www.forbes.com/sites/roberthof/2014/04/17/in-bid-to-make-online-ads-more-engaging-truex-taps-power-media-trio-for-board/〕 The CEO of the company is co-founder Joe Marchese.〔http://www.labusinessjournal.com/news/2013/may/01/socialvibe-co-founder-returns-ceo/〕
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